GAL Dividend Type Payments
Although GAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street Global Allocation ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:10 PM ET):
| State Street Global Allocation ETF (GAL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 49.57 | 49.61 | 49.63 | +0.29 | 3K | - | 0.0B |
GAL Dividend-Like Income Using Covered Calls
With GAL at 49.63, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
| Annual Yield | Annual Premium | Cents/Day |
|---|---|---|
| 3% | 1.49 | 0.4 |
| 5% | 2.48 | 0.7 |
| 10% | 4.96 | 1.4 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | TTD dividend | |
| 2. | KVUE dividend | 7. | INTC dividend | 2. | SG dividend | |
| 3. | NVDA dividend | 8. | ASST dividend | 3. | CELH dividend | |
| 4. | SLV dividend | 9. | HYG dividend | 4. | LCID dividend | |
| 5. | GLD dividend | 10. | SPY dividend | 5. | ENVX dividend | |
Want more examples? GAIN Dividend | GALT Dividend
